ATHENS, March 22 (Reuters) - National Bank, Greece's largest lender, said on Monday it completed a 1.5 billion euro issue of covered bonds as part of a 10 billion euro plan approved Nov. 2008.
The bonds covered by mortgage loans, have a duration of eight years and pay a floating rate based on the benchmark ECB rate plus a spread of 190 basis points.
The tranche is rated Aaa by Moody's and AA by Fitch.
(Reporting by George Georgiopoulos) Keywords: NBG BONDS/ (george.georgiopoulos@reuters.com; +30210 3311813; Reuters Messaging:george.georgiopoulos.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The bonds covered by mortgage loans, have a duration of eight years and pay a floating rate based on the benchmark ECB rate plus a spread of 190 basis points.
The tranche is rated Aaa by Moody's and AA by Fitch.
(Reporting by George Georgiopoulos) Keywords: NBG BONDS/ (george.georgiopoulos@reuters.com; +30210 3311813; Reuters Messaging:george.georgiopoulos.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.